Chinese investors spent $2.95 billion from January to May, according to signed contracts in 163 overseas investment projects newly registered in Xiamen.
Data shows that Hong Kong received a total of $1.9 billion investment from Xiamen, accounting for 62.7 percent of total outbound investment from Xiamen during the period.
25 percent of outbound investment from Xiamen went to nations and regions along the 21st Century Maritime Silk Road, with the investment volume growing 459 percent from last year to reach $744 million.
Merger and acquisitions were the most popular means of investing in overseas markets among Xiamen investors during the period.
A total of $1.4 billion of investment from Xiamen was made in the form of merger and acquisitions, up 184 percent from the same period last year.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
